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23 Considering margin requirements and the daily settlements of profits and losses on a futures contract, a U.S. based hedger who plans to hedge a

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Considering margin requirements and the daily settlements of profits and losses on a futures contract, a U.S. based hedger who plans to hedge a future cash outflow of British pounds would prefer to hedge by buying British pound futures contracts rather than buying British pound forward contracts, if the correlation between changes in the spot price of British pounds and changes in the U. S. interest rate is 0.87. Select one: True O False

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